The May residential rental vacancy rate for Ballarat increased slightly to 2.8%, up from 2.7% in April according to the latest figures released by the Real Estate Institute of Victoria.
Ballarat’s median rent for houses increased to $340 per week, up from $320 per week in April and units/townhouses also increased from $268 per week to $280 per week in May.
The Regional Victorian vacancy rate climbed from 1.9% to 2.0% over the month, however median house rents remain unchanged on $350 per week while units rose $10 to $290 per week.
In Geelong, house rental prices shrunk by $12 to $388 per week while house rents in Bendigo fell by $30 to sit at $330 per week.
The vacancy rate in Melbourne increased to 2.8% from 2.5% in April while median rents for houses in Metro Melbourne decreased $10 to $455 per week and the median rent for units also decreased by $15 to $400 per week.
Source: REIV
Australian property prices continue to demonstrate resilience with modest monthly growth across February 2025. House prices recorded a 0.2 per cent monthly increase, bringing the national mean to $909,617, while unit values rose by 0.2 per cent to reach $675,820. The market’s steady performance reflects ongoing supply constraints balancing against affordability challenges, with both market … […]
Australian property prices maintained their strong upward trajectory in June 2025, with house values rising by 1.0 per cent to $941,101, marking a solid 7.0 per cent increase over the past year. This sustained growth highlights the significant influence of two interest rate cuts earlier in the year. The March quarter inflation figure of 2.4 … […]